Asset
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In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks. From Wikipedia under the
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GNU Free Documentation License Matching Results for Asset:Spy GameNathan Muir: What if she were an asset? You told her four lies that now have to be true. ... Nathan Muir: He was your asset, somebody you use for information. ... American Israel Public Affairs Committee "The friendship between Israel and the United States is a great asset to our country. And AIPAC is a great advocate for this vital relationship. ... Guy Browning Never work for a company that says people are its most important asset. ... mortgage and you said that your only asset was people you would end up living in ... From Wikiquote under the
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